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World Trade Volumes Fall for Third Month

The volume of world trade fell for the third straight month in August, a decline that could make it difficult for many economies undergoing austerity programs to return to growth.

Exports from the U.S., Japan and Latin America declined, and world trade volumes fell 0.4%, as they did in July, after declining 1.3% in June, the Netherlands Bureau for Economic Policy Analysis, known as the CPB, said Thursday in its monthly report.